Europe Q3 glycerine contracts firm on tight supply

11 July 2012 23:59[Source: ICIS news]

LONDON (ICIS)--European third-quarter glycerine contract prices have increased from the previous quarter because of tight supply, market sources said on Wednesday.

European vegetable glycerine contract values increased by €20/tonne ($24/tonne) on the low end of the range to €620–650/tonne FD (free delivered) NWE (northwest Europe), while tallow glycerine prices were assessed up by €20/tonne, to €560–610/tonne FD NWE.